A loan  has to be repaid and usually interest is added on and every five to ten years the loan will double in size so a loan of R10 000 in 2013, if repaid after 2023, may have increased to R20 000. All the major BANKS offer study loans.

A few loans have lower interest rates eg. Loans from the National Student Financial Aid Scheme which can be accessed using their newly developed ON-LINE APPLICATION system shortly to be available (15 September 2013) ON THEIR WEBSITE AT These loans may be partially converted to bursaries if your academic results are good and are referred to as Loan-Bursaries .

Some loans can be repaid not in money but by service to the organisation lending you the money (these are sometimes referred to as Contractual bursaries). 

Eduloan provides financial access to education for students in South Africa. A leading provider of study loans in South Africa. Eduloan pays for tuition fees, registration fees, accommodation, books, as well as laptops & tablets - helping to unlock the potential in everyone who has the will to learn. Eduloan is committed to making education both affordable and accessible to all aspiring students.

For more information, please visit

To apply now. please go to

Staff in the Colleges attached to Student Funding are available for student queries regarding funding opportunities on all campuses - ask for the Financial Aid Advisor in the College administrative office.

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